ECONOMY & NATION


IANS 25 January 2016
New York : With some of the high-profile executives putting in their papers, Twitter is set for a major overhaul this week under Jack Dorsey, the new CEO of the micro-blogging site, to revive the company's fortune, media reported.   According to a report in the Wall Street Journal,...

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IANS 25 January 2016
New Delhi : President Pranab Mukherjee on Sunday said the growing number of tax disputes in India and the amount involved call for innovative tax litigation management to contribute to further ease of doing business in the country.   "With the development of Indian economy, the direct...

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IANS 25 January 2016
Chennai : Global credit rating agency Moody's Investors Service and its Indian affiliate ICRA Ltd on Monday said their poll said India's economic exposure to external riks has gone up during the past seven months.   In a statement, Moody's said the poll was conducted during Moody's...

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IANS 23 January 2016
New Delhi : In a move designed to reduce tax litigation, the Central Board of Direct Taxes (CBDT) on Friday signed seven more unilateral Advance Pricing Agreements (APAs) with taxpayers.   "This takes the tally of APAs signed so far to 39 (38 unilateral and one bilateral). In the...

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IANS 23 January 2016
A memorandum of understanding (MoU) was signed between the two sides in Beijing in the presence of Haryana Chief Minister Manohar Lal Khattar on Friday   China's Wanda Group will invest 10 billion dollars to develop an industrial park in Haryana, the state government announced on...

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IANS 23 January 2016
Bengaluru : Blaming the new management for the company's net worth erosion, many shareholders of United Spirits Ltd (USL) on Friday questioned the resolution to declare it sick under the Sick Industrial Companies Act (SICA).   Though USL chairman Vijay Mallya and full-time directors...

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Abhishek Waghmare (IANS) 23 January 2016
Vasudev Lokhande is the beneficiary of an ambitious Maharashtra government programme to permanently transform the lives of farmers devastated by a record-setting drought, but he is unhappy about its benefits.   In an agrarian eastern corner of India’s most industrialised state,...

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IANS 22 January 2016
New Delhi : While non-banking finance companies (NBFCs) in India will continue to fund through securitisation, the practice of pooling of loans will be key for developing small finance banks, Moody's Investors Service said on Thursday.   "Securitisation will continue to be...

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Moneylife Digital Team 21 January 2016
The tax authorities arrested a senior official of MakeMyTrip without even issuing a show cause notice for alleged evasion of service tax of Rs67.4 crore. The High Court remarked, we are getting reduced to a police state   The Delhi High Court has asked the Central government to file a...

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IANS 21 January 2016
Singapore : India is changing its taxation laws towards greater stability and predictability in the tax regime and trying to settle previously pending disputes, Finance Minister Arun Jaitley said on Thursday.   "It has been our effort in India to gradually transform and change most of...

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IANS 21 January 2016
New Delhi : The Indian telecom watchdog on Wednesday released draft directions on delivering broadband services in a transparent manner.   In the draft directions, the Telecom Regulatory Authority of India (TRAI) has asked all telecom service providers rendering fixed broadband...

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Moneylife Digital Team 20 January 2016
The Nashik Security Press has reportedly burnt 30 crore currency notes of Rs1,000 denomination that had no security thread!   The Nashik unit of Indian Security Press (ISP), owned by state-run Security Printing and Minting Corporation of India (SPMCIL), has reportedly burnt 30 crore...

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Profit motive and competition funnels funding to the unfunded better than government 'schemes', as this example of a finance company shows   The Reserve Bank of India’s (RBI’s) College of Agricultural Banking has announced a case study competition for bankers to find innovative ways...

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IANS 20 January 2016
New Delhi : The central government on Wednesday approved a land swap agreement between Mumbai International Airport (MIAL) and Municipal Corporation of Greater Mumbai (MCGM).   The decision was taken by the union cabinet which met here under the chairmanship of the Prime Minister...

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IANS 20 January 2016
New Delhi : The union cabinet on Wednesday approved a new power tariff policy designed to promote clean energy, better regulation of distribution companies (discoms), and ease of the process of doing business in the sector.   "For the first time, a holistic view of the power sector...

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IANS 20 January 2016
New Delhi : A union cabinet panel on Wednesday approved the setting up of over 5,000 MW of grid-connected solar photovoltaic (PV) power projects at an estimated outlay of Rs.30,000 crore.   Briefing reporters here following the meeting of the Cabinet Committee on Economic Affairs...

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IANS 20 January 2016
Mumbai : Reliance Communications on Wednesday said it has paid Rs.5,383.84 crore to the government as fee toward spectrum sharing and trading in 16 circles for the 800-850 MHz band, two days after it announced a pact on this with Jio for nine service areas.   This also follows a...

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IANS 20 January 2016
New York : Micro-blogging site Twitter crashed for its users all over the world on Tuesday due to an internal code change, a media report said.   Twitter experienced an issue "related to an internal code change" that caused its web and mobile apps to go down for almost eight hours. In...

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Vatsal Srivastava (IANS) 20 January 2016
Where are oil prices heading? Are they going towards $20 per barrel or is the worse of the capitulation in the energy markets behind us? Most fundamental and technical factors still seem to be pointing towards further downside in oil and the macro forecast is thus "lower for...

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IANS 20 January 2016
Peshawar : At least 15 people, including two gunmen, were killed in when terrorists stormed the Bacha Khan University in Pakistan's Khyber Pakhtunkhwa province on Wednesday, Dawn reported citing Edhi Foundation sources.   The gunmen opened fire at students and faculty members who had...

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